The Educational Charitable Trust
- Assets
- $1.9m
- Revenue
- $60.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 10/1979
- Data as of
- 07/2024
- EIN
- 23-2111548
Organization Overview
The Educational Charitable Trust is located in Rochester, NY. The organization was established in 1979. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educational Charitable Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2024, Educational Charitable Trust generated $60.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $184.0k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (20.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Educational Charitable Trust has awarded 156 individual grants totaling $2,251,275. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Himmelstein Trustee | 5 | $0 | |
Lauren Friedman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $165 |
| Dividends & Interest | $31,247 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,506 |
| Capital Gain Net Income | $29,506 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,948 |
| Pension plans, employee benefits | $0 |
| Interest | $255 |
| Taxes | $766 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $220 |
| Total operating and administrative expenses | $17,125 |
| Contributions, gifts, grants paid | $166,825 |
| Total expenses and disbursements | $183,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $787 |
| Net Accounts receivable | $50,385 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,247,716 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,875,649 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Educational Charitable Trust has awarded $166,825 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION PURPOSE: CHARITABLE ENDEAVORS | $2,500 |
AMERICAN JEWISH WORLD SERVICE PURPOSE: CHARITABLE ENDEAVORS | $5,000 |
BRAIN AND BEHAVIOR RESEARCH FOUNDATION PURPOSE: CHARITABLE ENDEAVORS | $5,000 |
CITY HARVEST PURPOSE: CHARITABLE ENDEAVORS | $200 |
COMMITTEE TO PROTECT JOURNALISTS PURPOSE: CHARITABLE ENDEAVORS | $3,000 |
DOCTORS WITHOUT BORDERS PURPOSE: CHARITABLE ENDEAVORS | $10,000 |